Turkey seeks to reduce inflation and improve the overall economy of the country

Abdalla Moustafa
Tuesday , 12 March 2024 12:50 PM GMT

Turkish Finance Minister "Mehmet Simsek" said on Monday that the government will continue to tighten monetary policy to help the central bank reduce inflation, highlighting the raising of Fitch agency in the sovereign rating of the country.
In comments on the X social media platform, "shimshak" said that Turkey is committed to maintaining appropriate policies and implementing structural reforms, while achieving price stability remains its top priority.
The inflation rate rose to" 67% " in February year-on-year, exceeding expectations and continuing to push for tightening monetary policy. Economists expect inflation to fall to about 40% by the end of the year.
"The Turkish central bank is committed to achieving stability in inflation expectations using all the tools at its disposal. We will continue to tighten monetary policy to help the Turkish central bank reduce inflation,"he said.